In the digital age, music streaming has become the primary mode of music consumption, providing artists with a global audience. However, the compensation artists receive from streaming platforms varies significantly. In this article, we will explore how much Spotify, Apple Music, Melon, YouTube Music, and Amazon Music pay artists for 1 million streams, based on their revenue per stream.
Spotify:
Spotify, one of the largest music streaming platforms globally, compensates artists at a rate of $0.0033 per stream. Therefore, for 1 million streams, an artist would earn $3,300.
Apple Music:
Apple Music, known for its extensive catalog and seamless integration with Apple devices, pays artists $0.01 per stream. With 1 million streams, an artist would receive $10,000.
Melon:
Melon, a popular music streaming service in South Korea, compensates artists at a rate of $0.00042 per stream. For 1 million streams, an artist would earn $420.
YouTube Music:
YouTube Music, the music streaming platform operated by YouTube, pays artists $0.008 per stream. Hence, for 1 million streams, an artist would receive $8,000.
Amazon Music:
Amazon Music, the streaming service offered by Amazon, compensates artists at a rate of $0.004 per stream. Therefore, for 1 million streams, an artist would earn $4,000.
Pandora:
Pandora, a popular radio-style streaming service, pays artists $0.0013 per stream. With 1 million streams, an artist would receive $1,300.
Deezer:
Deezer, a music streaming platform with a significant global presence, pays artists $0.0064 per stream. For 1 million streams, an artist would earn $6,400.
It’s important to note that these figures represent the revenue generated per stream and not the actual amount an artist receives, as the revenue is divided among various rights holders, including labels, publishers, and distributors. The artist’s specific contract terms also play a significant role in determining their share of the revenue.
The amount artists earn from music streaming services varies considerably. Based on the revenue per stream, Apple Music proves to be the most lucrative for artists, paying $10,000 for 1 million streams. YouTube Music follows closely behind with $8,000, while Spotify, Amazon Music, and Pandora offer artists $3,300, $4,000, and $1,300, respectively. Melon provides the lowest compensation, with artists earning $420 for 1 million streams.